4//SEC Filing
ASH MENACHEM 4
Accession 0001209191-23-016218
CIK 0001005731other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 3:38 PM ET
Size
9.3 KB
Accession
0001209191-23-016218
Insider Transaction Report
Form 4
IDT CORPIDT
ASH MENACHEM
EVP of Strategic&Legal Affairs
Transactions
- Award
Class B Common Stock, par value $.01 per share
2023-03-02+16,000→ 53,706 total - Award
Deferred Stock Units
2023-03-02+3,000→ 10,000 total→ Class B Common Stock (3,000 underlying)
Holdings
- 2,873(indirect: By 401(k))
Class B Common Stock, par value $.01 per share
Footnotes (4)
- [F1]Represents a grant of 16,000 shares of restricted stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025.
- [F2]Consists of 28,962 fully vested shares of Restricted Stock, 8,744 shares of Class B common stock issued upon the vesting of deferred stock units ("DSUs") and 16,000 unvested shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025.
- [F3]As of February 28, 2023.
- [F4]Represents a grant of 3,000 DSUs vesting ratably on 5/17/2023, 2/21/2024 and 2/25/2025, with the recipient having the option on 5/17/2023 and 2/21/2024 to defer vesting to the next scheduled vesting. The number of shares of Class B common stock that will be issued depends on the Market Price on the applicable vesting date as compared to the Grant Price of the DSUs ($25.41), with no less than 0.5 shares (Market Price less than $12.705) and no more than 2 shares (Market Price greater than $50.82), in 12.5% increments, to be issued for each DSU vested. Upon vesting of all of the DSUs, between 1,500 and 6,000 shares of Class B common stock will have been issued. "Market Price" for each vesting date will be the greater of (i) the closing price for the Class B common stock on the trading date immediately prior to such vesting date, and (ii) the average of the closing prices of the Class B common stock for the 20 trading days ending with the trading day immediately prior to such vesting date.
Documents
Issuer
IDT CORP
CIK 0001005731
Entity typeother
Related Parties
1- filerCIK 0001560958
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 3:38 PM ET
- Size
- 9.3 KB